Nissan Motor (OTCMKTS:NSANY) Shares Gap Up – Time to Buy?

Shares of Nissan Motor Co. (OTCMKTS:NSANY) gapped up prior to trading on Friday . The stock had previously closed at $4.67, but opened at $4.99. Nissan Motor shares last traded at $4.71, with a volume of 25,371 shares.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Nissan Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Nomura upgraded shares of Nissan Motor to a “hold” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Nissan Motor Stock Up 1.1%

The firm has a market capitalization of $8.77 billion, a P/E ratio of -1.37 and a beta of 0.40. The company’s 50-day simple moving average is $5.19 and its two-hundred day simple moving average is $4.96. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 1.38.

Nissan Motor (OTCMKTS:NSANY) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.14. Nissan Motor had a negative return on equity of 5.05% and a negative net margin of 7.62%.The business had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $19.67 billion. As a group, research analysts expect that Nissan Motor Co. will post 0.14 earnings per share for the current year.

Nissan Motor Company Profile

Nissan Motor Co, Ltd. is a global automotive manufacturer headquartered in Yokohama, Japan, known for the design, development, production and sale of a wide range of vehicles. The company’s core business includes passenger cars, crossovers, trucks and commercial vehicles, as well as luxury models sold under its Infiniti brand. Nissan is also a pioneer in electric vehicle technology, having introduced its flagship EV model, the Leaf, which has become one of the world’s best-selling electric cars.

In addition to conventional internal combustion engines, Nissan has invested heavily in hybrid and battery-electric powertrains, advanced driver-assistance systems and connected-car technologies.